Molina Healthcare, Inc. (NYSE:MOH) Position Lowered by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC cut its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 7.9% in the 3rd quarter, Holdings Channel reports. The firm owned 972 shares of the company’s stock after selling 83 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Molina Healthcare were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Custom Index Systems LLC raised its stake in Molina Healthcare by 5.0% during the 2nd quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock valued at $205,000 after purchasing an additional 33 shares during the period. WCM Investment Management LLC lifted its position in Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after purchasing an additional 36 shares during the period. Metis Global Partners LLC increased its stake in Molina Healthcare by 1.4% in the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after acquiring an additional 39 shares during the period. AlphaMark Advisors LLC raised its stake in Molina Healthcare by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock worth $1,053,000 after acquiring an additional 40 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in shares of Molina Healthcare by 1.3% in the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock valued at $1,526,000 after acquiring an additional 55 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $296.07 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The stock has a market capitalization of $16.94 billion, a P/E ratio of 15.09, a PEG ratio of 0.97 and a beta of 0.59. The firm’s 50 day moving average is $325.57 and its 200 day moving average is $324.59.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. During the same period in the prior year, the business earned $5.05 earnings per share. Molina Healthcare’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MOH. Deutsche Bank Aktiengesellschaft cut their price target on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company raised their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Stephens reaffirmed an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.